Aetna CEO Warns of Approaching Health Insurance ‘Premium Rate Shock’ in 2014 for Consumers and Others Under Affordable Care Act

Robert Michel
Dark Daily
3/4/2013

Steep increases in insurance costs may leave patients with less money to cover deductibles and copayments for clinical laboratory tests

Next year, consumers and small businesses can expect what one health insurance CEO says will be, “Premium rate shock for 2014.” As this happens, clinical laboratories and pathology groups are likely to find it even more difficult to collect co-pays, deductibles, and out-of-pocket fees from patients who had medical laboratory tests performed.

The premium rate shock remark was made by no less than Mark Bertolini, the CEO of Aetna, Inc. (NYSE: AET). In his speech at an investor conference, he predicted premiums would rise by 20% to 50% next year before the government subsidies are applied. In some markets, rates could double, he added.

Aetna is not alone in seeking steep hikes in health insurance premiums…

The New York Times also published a story on this development, noting that health insurers nationwide are winning double-digit increases in premiums for some customers. “Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own,” The New York Times reported…

The complete article is at Dark Daily.

Related: Senators Cruz And Lee Talking Doubling Down On ObamaCare Funding

…Make these sunny beaches own the sand they’re kicking into our future.

 

Corrected

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